PE Fund Investments
Cuemath raises $57-M led by Alpha Wave, others
Bangalore-based edtech firm Cuemath has raised USD 57 million in a funding round led by Alpha Wave Global at a valuation of USD 407 million. All of Cuemath's existing investors, including Lightrock India, Sequoia Capital India, CapitalG, Manta Ray Ventures and Unitus Ventures participated. Cuemath offers an after-school online math program for K-12 (kindergarten to class 12) students. It will use the funds to strengthen its product-pedagogy outcomes and also other growth initiatives, including acquisitions and partnerships. The company will also look to expand its offerings to more than 100 countries in 2022-23 (FY23) across regions including North America, South America, Middle East, the UK, Europe, Asia Pacific and Africa.
From the Venture Intelligence PE-VC Deal Database: Between Dec 2014 and Dec 2020, Cuemath had raised about USD 65-M fromSequoia Capital India, Unitus Ventures, Manta Ray Ventures and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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